Balance Sheet Crescent Energy Company

Equities

CRGY

US44952J1043

Oil & Gas Exploration and Production

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Published financial data: CRESCENT ENERGY COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	108.72Cr	75Cr	147.7Cr	305.71Cr	238.26Cr
Total Revenues	108.72Cr	75Cr	147.7Cr	305.71Cr	238.26Cr
Cost of Goods Sold, Total	55Cr	49Cr	61Cr	101.33Cr	107.83Cr
Gross Profit	54Cr	26Cr	87Cr	204.38Cr	130.43Cr
Selling General & Admin Expenses, Total	23.57L	1.65Cr	5.43Cr	7.69Cr	13Cr
Exploration / Drilling Costs, Total	5L	5L	11.8L	34.25L	93.28L
Depreciation & Amortization - (IS)	31Cr	37Cr	31Cr	53Cr	68Cr
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	6.52Cr	15Cr
Other Operating Expenses	12Cr	-21Cr	87Cr	68Cr	-17Cr
Other Operating Expenses, Total	44Cr	18Cr	123.42Cr	135.54Cr	80Cr
Operating Income	11Cr	7.92Cr	-36Cr	69Cr	50Cr
Interest Expense, Total	-5.9Cr	-4.85Cr	-5.08Cr	-9.59Cr	-15Cr
Net Interest Expenses	-5.9Cr	-4.85Cr	-5.08Cr	-9.59Cr	-15Cr
Income (Loss) On Equity Invest.	-	-	4L	46.16L	-4L
Other Non Operating Income (Expenses)	4L	3L	1L	9L	-3L
EBT, Excl. Unusual Items	4.67Cr	3.11Cr	-41Cr	60Cr	36Cr
Impairment of Goodwill	-	-	-	-7.77Cr	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-39L
Gain (Loss) On Sale Of Assets	22T	-	87.94L	46.41L	-
Asset Writedown	-	-25Cr	-	-	5T
Legal Settlements	-	-	-34L	-	-
Other Unusual Items	-	-	-2.41Cr	-80.64L	-60.33L
EBT, Incl. Unusual Items	4.67Cr	-22Cr	-43Cr	52Cr	35Cr
Income Tax Expense	28T	14T	-3L	3.63Cr	2.32Cr
Earnings From Continuing Operations	4.67Cr	-22Cr	-43Cr	48Cr	32Cr
Net Income to Company	4.67Cr	-22Cr	-43Cr	48Cr	32Cr
Minority Interest	-9L	9.75Cr	7.37Cr	-38Cr	-25Cr
Net Income - (IS)	4.58Cr	-12Cr	-36Cr	9.67Cr	6.76Cr
Preferred Dividend and Other Adjustments	-	-	-34Cr	-	-
Net Income to Common Incl Extra Items	4.58Cr	-12Cr	-1.94Cr	9.67Cr	6.76Cr
Net Income to Common Excl. Extra Items	4.58Cr	-12Cr	-1.94Cr	9.67Cr	6.76Cr
Per Share Items
Net EPS - Basic	73.91	-153.3	-0.46	2.2	1.02
Basic EPS - Continuing Operations	73.91	-153.3	-0.46	2.2	1.02
Basic Weighted Average Shares Outstanding	6L	8L	4.2Cr	4.39Cr	6.66Cr
Net EPS - Diluted	73.91	-153.3	-0.46	2.2	1.02
Diluted EPS - Continuing Operations	73.91	-153.3	-0.46	2.2	1.02
Diluted Weighted Average Shares Outstanding	6L	8L	4.2Cr	4.41Cr	6.74Cr
Normalized Basic EPS	45.67	151.06	-4.41	-0.23	-0.49
Normalized Diluted EPS	45.67	151.06	-4.41	-0.23	-0.48
Dividend Per Share	-	-	0.12	0.68	0.48
Payout Ratio	272.34	-51.77	-9.85	28.46	50.47
Supplemental Items
EBITDA	42Cr	70Cr	-5.08Cr	128.65Cr	132.7Cr
EBITA	11Cr	7.92Cr	-36Cr	69Cr	50Cr
EBIT	11Cr	7.92Cr	-36Cr	69Cr	50Cr
EBITDAR	-	-	-4.9Cr	-	-
Total Revenues (As Reported)	108.72Cr	75Cr	147.7Cr	305.71Cr	238.26Cr
Effective Tax Rate - (Ratio)	0.06	-0.01	0.07	7.02	6.73
Current Domestic Taxes	-	-	6L	31.13L	5L
Total Current Taxes	-	-	6L	31.13L	5L
Deferred Domestic Taxes	-	-	-9L	3.32Cr	2.27Cr
Total Deferred Taxes	-	-	-9L	3.32Cr	2.27Cr
Normalized Net Income	2.83Cr	12Cr	-18Cr	-1.02Cr	-3.24Cr
Supplemental Operating Expense Items
General and Administrative Expenses	23.57L	1.65Cr	5.43Cr	7.69Cr	13Cr
Exploration/Drilling Costs	5L	5L	11.8L	34.25L	93.28L
Net Rental Expense, Total	-	-	18.15L	-	-
Imputed Operating Lease Interest Expense	-	-	8L	-	-
Imputed Operating Lease Depreciation	-	-	10L	-	-
Stock-Based Comp., G&A Exp. (Total)	-25L	-8L	3.99Cr	3.81Cr	8.29Cr
Stock-Based Comp., Other (Total)	-2L	-	-	-	-
Total Stock-Based Compensation	-27.21L	-8L	3.99Cr	3.81Cr	8.29Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.99Cr	3.69Cr	13Cr	-	29.74L
Total Cash And Short Term Investments	1.99Cr	3.69Cr	13Cr	-	29.74L
Accounts Receivable, Total	10Cr	11Cr	34Cr	46Cr	51Cr
Total Receivables	10Cr	11Cr	34Cr	46Cr	51Cr
Prepaid Expenses	24.6L	19.48L	86.44L	1.95Cr	4.04Cr
Restricted Cash	39.32L	-	-	80L	3L
Other Current Assets, Total	3.62Cr	6.98Cr	2L	2.95Cr	6.53Cr
Total Current Assets	17Cr	22Cr	48Cr	52Cr	62Cr
Gross Property Plant And Equipment	485.51Cr	533.69Cr	649.89Cr	760.49Cr	908.06Cr
Accumulated Depreciation	-108.15Cr	-169.47Cr	-194.15Cr	-216.71Cr	-294.05Cr
Net Property Plant And Equipment	377.35Cr	364.21Cr	455.74Cr	543.78Cr	614Cr
Long-term Investments	-	-	1.54Cr	1.5Cr	60.76L
Goodwill	-	-	7.66Cr	-	-
Deferred Charges Long-Term	-	-	-	1.34Cr	-
Other Long-Term Assets, Total	5.82Cr	4.48Cr	2.85Cr	3.69Cr	4.16Cr
Total Assets	399.75Cr	390.74Cr	515.75Cr	601.98Cr	680.33Cr
Liabilities
Accounts Payable, Total	4.59Cr	1.65Cr	8.73Cr	10Cr	14Cr
Accrued Expenses, Total	4.98Cr	5.59Cr	19Cr	17Cr	24Cr
Current Portion of Leases	-	-	28.98L	33.41L	47.33L
Other Current Liabilities	11Cr	4.82Cr	33Cr	62Cr	37Cr
Total Current Liabilities	20Cr	12Cr	62Cr	89Cr	75Cr
Long-Term Debt	97Cr	75Cr	103.04Cr	124.76Cr	169.44Cr
Long-Term Leases	-	-	45.19L	74.12L	1.43Cr
Deferred Tax Liability Non Current	-	-	8.25Cr	15Cr	26Cr
Other Non Current Liabilities	11Cr	14Cr	40Cr	42Cr	45Cr
Total Liabilities	128.55Cr	101.42Cr	213.78Cr	272.09Cr	316.76Cr
Common Stock, Total	188.17Cr	271.69Cr	17T	17T	18T
Additional Paid In Capital	-	-	72Cr	80Cr	162.65Cr
Retained Earnings	-	-	-1.94Cr	6.2Cr	9.54Cr
Treasury Stock	-	-	-1.84Cr	-1.84Cr	-1.71Cr
Total Common Equity	188.17Cr	271.69Cr	68Cr	85Cr	170.48Cr
Minority Interest	83Cr	18Cr	233.74Cr	245.09Cr	193.09Cr
Total Equity	271.21Cr	289.32Cr	301.97Cr	329.9Cr	363.57Cr
Total Liabilities And Equity	399.75Cr	390.74Cr	515.75Cr	601.98Cr	680.33Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6L	12.2L	4.2Cr	4.83Cr	9.16Cr
ECS Total Common Shares Outstanding	6L	12.2L	4.2Cr	4.83Cr	9.16Cr
Book Value / Share	3.03T	2.23T	16.26	17.57	18.61
Tangible Book Value	188.17Cr	271.69Cr	61Cr	85Cr	170.48Cr
Tangible Book Value Per Share	3.03T	2.23T	14.44	17.57	18.61
Total Debt	97Cr	75Cr	103.78Cr	125.83Cr	171.34Cr
Net Debt	95Cr	71Cr	91Cr	125.83Cr	171.04Cr
Debt Equivalent Oper. Leases	-	-	1.45Cr	-	-
Minority Interest, Total (Incl. Fin. Div)	83Cr	18Cr	233.74Cr	245.09Cr	193.09Cr
Equity Method Investments, Total	-	-	1.54Cr	1.5Cr	60.76L
Account Code - Inventory Valuation	-	3	3	3	3
Land - (BS)	57L	57L	54.67L	53.74L	53.74L
Buildings, Total	68.05L	67.97L	66.41L	60.08L	1.35Cr
Machinery, Total	1.36Cr	1.41Cr	1.8Cr	1.89Cr	2.42Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.58Cr	-12Cr	-36Cr	9.67Cr	6.76Cr
Depreciation & Amortization - CF	31Cr	37Cr	31Cr	53Cr	68Cr
Impairment of Oil, Gas & Mineral Properties - (CF)	-	25Cr	-	6.52Cr	15Cr
Depreciation & Amortization, Total	31Cr	62Cr	31Cr	60Cr	83Cr
Amortization of Deferred Charges, Total - (CF)	47.3L	49.41L	1.02Cr	88.94L	1.28Cr
(Gain) Loss From Sale Of Asset	-22T	-	-87.94L	-46.41L	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	39L
Asset Writedown & Restructuring Costs	38.04L	-	-9L	7.77Cr	-
Stock-Based Compensation (CF)	-27.21L	-8L	3.99Cr	3.81Cr	8.29Cr
Other Operating Activities, Total	11Cr	-11Cr	26Cr	21Cr	-13Cr
Change In Accounts Receivable	2.41Cr	1.47Cr	-9.16Cr	-11Cr	-4.15Cr
Change In Accounts Payable	-54.87L	-1.45Cr	3.08Cr	14Cr	11Cr
Change in Other Net Operating Assets	-13.51L	1.21Cr	4.33Cr	-3.75Cr	13.03L
Cash from Operations	49Cr	41Cr	23Cr	101.24Cr	94Cr
Capital Expenditure	-34Cr	-13Cr	-27Cr	-121.93Cr	-143.06Cr
Sale of Property, Plant, and Equipment	1.58Cr	93.62L	2.57Cr	9.32Cr	2.89Cr
Other Investing Activities, Total	-53.1L	-81.38L	4L	17.8L	28.58L
Cash from Investing	-33Cr	-12Cr	-24Cr	-112.43Cr	-139.88Cr
Short Term Debt Issued, Total	27.2L	98.65L	-	-	-
Long-Term Debt Issued, Total	55Cr	28Cr	124.65Cr	158.42Cr	326.84Cr
Total Debt Issued	56Cr	29Cr	124.65Cr	158.42Cr	326.84Cr
Short Term Debt Repaid, Total	-	-	-4L	-	-
Long-Term Debt Repaid, Total	-57Cr	-50Cr	-110.4Cr	-136.9Cr	-281.97Cr
Total Debt Repaid	-57Cr	-50Cr	-110.44Cr	-136.9Cr	-281.97Cr
Issuance of Common Stock	-	51.86L	1L	-	15Cr
Repurchase of Common Stock	-	-	-1.84Cr	-	-72T
Common Dividends Paid	-12Cr	-6.14Cr	-3.53Cr	-2.75Cr	-3.41Cr
Common & Preferred Stock Dividends Paid	-12Cr	-6.14Cr	-3.53Cr	-2.75Cr	-3.41Cr
Other Financing Activities, Total	-1.93Cr	-44.78L	1.67Cr	-20Cr	-10Cr
Cash from Financing	-15Cr	-27Cr	11Cr	-78.41L	46Cr
Net Change in Cash	41.65L	1.4Cr	9.37Cr	-12Cr	-65.75L
Supplemental Items
Cash Interest Paid	4.94Cr	3.39Cr	3.51Cr	8.19Cr	11Cr
Cash Income Tax Paid (Refund)	28T	14T	6L	81.64L	-13.91L
Levered Free Cash Flow	-	40Cr	16Cr	-9.38Cr	-53Cr
Unlevered Free Cash Flow	-	42Cr	18Cr	-4.27Cr	-45Cr
Change In Net Working Capital	-	12Cr	-33Cr	-11Cr	24Cr
Net Debt Issued / Repaid	-90.87L	-21Cr	14Cr	22Cr	45Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	1.25	-5.01	7.7	4.89
Return on Total Capital	-	1.35	-5.9	9.99	6.33
Return On Equity %	-	-7.71	-14.62	15.21	9.29
Return on Common Equity	-	-5.16	-1.14	12.63	5.3
Margin Analysis
Gross Profit Margin %	49.77	34.86	58.95	66.85	54.74
SG&A Margin	0.22	2.19	3.67	2.52	5.66
EBITDA Margin %	38.31	92.64	-3.44	42.08	55.7
EBITA Margin %	9.69	10.51	-24.62	22.52	21.05
EBIT Margin %	9.69	10.51	-24.62	22.52	21.05
Income From Continuing Operations Margin %	4.3	-28.66	-29.26	15.72	13.51
Net Income Margin %	4.22	-15.73	-24.28	3.16	2.84
Net Avail. For Common Margin %	4.22	-15.73	-1.31	3.16	2.84
Normalized Net Income Margin	2.61	15.5	-12.52	-0.33	-1.36
Levered Free Cash Flow Margin	-	52.88	10.72	-3.07	-22.16
Unlevered Free Cash Flow Margin	-	56.24	12.18	-1.4	-18.87
Asset Turnover
Asset Turnover	-	0.19	0.33	0.55	0.37
Fixed Assets Turnover	-	0.2	0.36	0.61	0.41
Receivables Turnover (Average Receivables)	-	7.01	6.51	7.62	4.93
Short Term Liquidity
Current Ratio	0.83	1.83	0.78	0.58	0.82
Quick Ratio	0.61	1.23	0.76	0.51	0.68
Operating Cash Flow to Current Liabilities	2.42	3.41	0.38	1.13	1.25
Days Sales Outstanding (Average Receivables)	-	52.2	56.1	47.87	74.03
Average Days Payable Outstanding	-	23.24	33.52	36.13	40.64
Long Term Solvency
Total Debt/Equity	35.84	25.96	34.37	38.14	47.13
Total Debt / Total Capital	26.39	20.61	25.58	27.61	32.03
LT Debt/Equity	35.84	25.96	34.27	38.04	47
Long-Term Debt / Total Capital	26.39	20.61	25.51	27.54	31.94
Total Liabilities / Total Assets	32.16	25.96	41.45	45.2	46.56
EBIT / Interest Expense	1.78	1.63	-7.16	7.18	3.44
EBITDA / Interest Expense	7.06	14.42	-0.96	13.41	9.1
(EBITDA - Capex) / Interest Expense	1.32	11.81	-6.3	0.7	-0.71
Total Debt / EBITDA	2.33	1.07	-21.19	0.98	1.29
Net Debt / EBITDA	2.29	1.02	-18.56	0.98	1.29
Total Debt / (EBITDA - Capex)	12.48	1.31	-3.25	18.73	-16.54
Net Debt / (EBITDA - Capex)	12.23	1.25	-2.84	18.73	-16.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.33	-30.63	95.83	106.98	-22.06
Gross Profit, 1 Yr. Growth %	-18.97	-51.41	216.7	135.66	-36.18
EBITDA, 1 Yr. Growth %	-41.26	67.76	-107.12	-2.47T	3.15
EBITA, 1 Yr. Growth %	-76.13	-24.78	-485.84	-287.58	-27.13
EBIT, 1 Yr. Growth %	-76.13	-24.78	-485.84	-287.58	-27.13
Earnings From Cont. Operations, 1 Yr. Growth %	-87.61	-562.7	99.99	-211.19	-33
Net Income, 1 Yr. Growth %	-83.56	-358.84	202.19	-126.96	-30.06
Normalized Net Income, 1 Yr. Growth %	-80.45	312.74	-246.47	-94.56	218.6
Diluted EPS Before Extra, 1 Yr. Growth %	-83.56	-307.41	-99.7	-577.06	-53.92
Accounts Receivable, 1 Yr. Growth %	-	8.25	206.02	34.35	10.22
Net Property, Plant and Equip., 1 Yr. Growth %	-	-3.48	25.13	19.38	12.81
Total Assets, 1 Yr. Growth %	-	-2.26	31.99	16.72	13.02
Tangible Book Value, 1 Yr. Growth %	-	44.38	-77.71	40.03	101.01
Common Equity, 1 Yr. Growth %	-	44.38	-74.89	24.32	101.01
Cash From Operations, 1 Yr. Growth %	3.1	-15.34	-43.28	334.22	-7.57
Capital Expenditures, 1 Yr. Growth %	-79.71	-62.74	114.55	350.46	17.33
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-61.21	-159.53	462.98
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-58.51	-123.85	952.87
Dividend Per Share, 1 Yr. Growth %	-	-	-	466.67	-29.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-20.69	16.55	101.33	27.01
Gross Profit, 2 Yr. CAGR %	-	-37.25	26.85	178.81	22.63
EBITDA, 2 Yr. CAGR %	-	-0.73	-65.08	36.71	394.7
EBITA, 2 Yr. CAGR %	-	-57.62	85.78	216.15	16.91
EBIT, 2 Yr. CAGR %	-	-57.62	85.78	216.15	16.91
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-24.29	204.2	49.12	-13.69
Net Income, 2 Yr. CAGR %	-	-34.78	179.68	-9.73	-56.58
Normalized Net Income, 2 Yr. CAGR %	-	-10.16	155.54